Fortis Property Group Closes $1B Refinance for Boston Office Asset

BOSTON, MA – National real estate developer Fortis Property Group has closed a more than $1 billion refinancing of One Lincoln, a class A office building in Boston’s Financial district. The loan proceeds will be used to repay existing debt and provide more than $200 million in capital upgrades geared toward wellness and lifestyle amenities and future leasing costs.

Fortis Property Group has additionally secured Boston-based, global private equity firm HarbourVest Partners as the building’s new anchor tenant. HarbourVest Partners has signed a more than 250,000-square-foot, long-term office lease at the property that encompasses 11 floors.